Chief Financial Officer Boston, Massachusetts, United States - Tbwa Chiat/Day Inc

Position Reports to: Chief Executive Officer

Location: Fully remote, with a preference for candidates within commuting distance to NFF’s New York, Philadelphia, or Boston offices. We will also consider applications from individuals who reside near NFF’s offices in Los Angeles and Oakland. NFF offices have re-opened, and staff can opt into in-person work as desired and based on the needs of the role. There is potential for up to 15% travel, which will consist of office visits, local/national conferences, and funder meetings.

Department: Executive

For over 40 years, Nonprofit Finance Fund has provided these nonprofits and their leaders with capital, consulting, and thought leadership. As a community development finance institution (CDFI), we work with nonprofits, partners, and systems to build racial equity and community wealth and well-being. Our vision is a world of equitable prosperity, where communities of color and other systematically excluded communities have the capital, community assets, knowledge, and agency to thrive.

Position Overview

We are seeking a Chief Financial Officer (CFO) who will oversee NFF’s financial strategy, accounting and tax functions, financial planning and analysis, treasury, and capital raising.

The CFO co-creates a shared vision for NFF’s mission delivery and operational health. The CFO advises the executive team on the financial implications of business decisions and recommends financial strategies to ensure fiscal prudence, sufficient resources for seamless operations, and risk management.

The CFO oversees a $25 million annual operating budget, a diverse set of revenue streams (including restricted grants, Federal grants, interest income, and fee-for-service), a growing loan portfolio of over $200 million, and a New Markets Tax Credit program.

The CFO will report to the CEO, who is based in New York, and has three direct reports (Controller / Vice President of Finance & Accounting, Senior Director of Treasury, and Manager of Financial Planning & Analysis) overseeing a total finance staff of nine.

What You’ll Do

Financial Strategy & Leadership

• Serve on the executive team, creating a shared vision for NFF’s mission delivery and operational health.
• Advise the executive team on financial implications and risks of business decisions.
• Set a financial vision, financial strategies & operations, and financial policies that support NFF’s long-term financial health and risk management.
• Hire, develop, and oversee finance staff, maintaining a culture of high performance and ethical behavior.
• Communicate NFF’s financial position and performance to all stakeholders, offering analysis and insights to inform understanding and decision-making.
• Oversee multi-year financial planning, the annual budgeting process, budget performance, forecasting, and scenario-planning.

Treasury & Investor Relations

• Oversee capitalization strategy and management of an increasingly diverse capital stack.
• Raise lending capital to meet NFF’s portfolio growth goals.
• Provide executive leadership on NFF’s asset-liability committee (ALCO).

Accounting, Audit & Tax

• Oversee all accounting and financial reporting processes, ensuring strong internal controls across the enterprise.
• Oversee annual audit and tax for NFF and related entities.
• Develop and support a diverse team of finance professionals.

Who You Are

• You have a minimum of fifteen years of professional work experience with progressive financial leadership.
• You have one or more of MBA, Masters in Accounting, CPA, or CMA.
• You have deep expertise in financial strategy, planning, analytics, treasury, GAAP accounting, controls, compliance, and capital raising.
• You have exceptional communication skills.

At NFF, we are invested in discussing the depth and breadth of each candidate’s background and experience during the interview process. The salary range for this position is $280,000-$295,000. NFF provides an attractive benefits package.

Please Note:

Applicants must be authorized to work for any employer in the U.S. We do not currently sponsor for immigration or work permit applications.

NFF is committed to diversity, equity, and inclusion in its workforce. We encourage candidates that will help us live out this commitment to apply.